Mixed Xylene Prices Overview

Market Overview

Quarterly Update on Global Mixed Xylene Market 
 
For the Quarter Ending September 2020
 
Asia 
 
Production of Mixed Xylenes from the Naphtha reformers and toluene disproportionation units was affected due to curtailed production margins. The news of commissioning of a new plant in south China helped in supporting the overall production capacity. Demand stood stable at the start of Q3 but accelerated moving into August and September. Recovery in the downstream consumption and buoyant end user demand triggered a sharp spike in the Asian pricing range. Indian mixed xylene offers were raised to around USD 660 per tonne in August, tracing the regional uptrend.
 
North America
 
There was a sharp fall in the supply of Mixed Xylene by the end of the third quarter because of the seasonal storms across the US Gulf Coast which cut off nearly 10 per cent of total US’ Mixed Xylene supply. Sentiments were weighed under predictions that the MX supply in the US will continue to stay affected by reduced refinery run rates till 2021. However, demand witnessed a sudden jump in September with market sources stipulating active buying by the end consumers. However, the recovery was short-lived as the demand clawed back to its April-June levels much before expected. It is being predicted that the potential strength in spot benzene prices would lend strong support to the dampened MX prices moving into Q4.
 
Europe
 
At the start of Q3, Mixed Xylene market was heard grappling with weak economics. The main reason behind the pressured dynamics was the poor demand, forcing curtailed poor production rates. As per the market sources, Mixed Xylene run rates were maintained at low levels throughout H2 2020, amid anticipations that the situation may continue to be the same moving into 2021. Lackluster buying kept the offers exceptionally low throughout the third quarter. The region’s MX market remained under constant stress as the news of second wave of COVID-19 infections affected the producers who had been strongly eyeing on the economic recovery which would strongly decide the growth of the xylene chain.

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Services
Market Analysis

Company-wise installed capacity, production volume and plant operating efficiency is captured directly from manufacturers. Import and Export volume is captured from government sources and demand for Acrylonitrile is calculated considering the production, import, export and inventory-levels on the country and regional level markets.

Pricing Analysis

Acrylonitrile price is correlated with the price trend of crude oil, demand-supply gap, Propylene and with movement across the downstream derivatives such as acrylonitrile-butadiene-styrene (ABS), styrene-acrylonitrile (SAN) etc.

Company Profile

Basic details and information on financial performance of leading global players in the Acrylonitrile market is presented in a visually captivating manner. Expansion plans and the company’s strategy is also captured to understand the vision and mission of the company to help understand the areas where companies need to focus more.

News & Deals

Daily updates on industry-specific and product-specific news, exclusive primary-based news capturing plant shutdowns/outages/closures, capacity expansions, operating rates, insights on demand-supply situation, awarding of technology licenses, new product launch and deals specifying mergers and acquisitions, strategic investments and disinvestments, to help players capitalize on market opportunity.

Methodology

ChemAnalyst gathers information through primary research surveys conducted with various Mixed Xylene manufacturers, spread across the domestic and international markets, suppliers and dealers/distributors to gain insights into value-chains and demand-supply scenario to assess the market situation. Thorough study of the company’s annual reports and secondary sources such as exhaustive search on credible paid databases, including our internal database is done to verify the information. All the collected information is analyzed, evaluated and presented in chronological order to depict a meaningful and clear picture of the concerned market.
 
Our dedicated team of industry experts comprehensively monitors and analyzes various aspects of the Global Mixed Xylene market. The team analyzes various industrial segments, strategic viewpoints and provides an analysis of the industry’s performance in the long run. This would enable our clients in efficiently plan their future investments, mitigate risk, understand the cost dynamics and strike out a balance amidst market volatility.
 
Critical examination of the impact of COVID-19 pandemic on the global supply chains and shift in demand patterns with change in buying behavior of consumers across the globe.
 
Several ongoing development projects across industries are tracked, followed by the details of major projects in the development stage, which can positively or negatively influence Global Mixed Xylene market.
 
Pricing is captured through exhaustive primary interviews with domestic and international manufacturers, traders and importers and customers on weekly, monthly and yearly basis.
 

Finally, region-specific markets for Mixed Xylene are analyzed and region-wise demand pattern is tracked.

About

Mixed Xylene (MX) is the mixture of the three xylene isomers i.e., meta-Xylene, para-Xylene & ortho-Xylene. It is also known as xylol or dimethyl benzene. It is a colorless, flammable liquid with a characteristic odor.  It is insoluble in water but miscible with various organic solvents. It is usually used as a solvent in several downstream industries like paints and coatings. Mixed Xylene is widely used in the production of para-xylene and ortho-xylene. While para-xylene is utilized in the production of purified terephthalic acid (PTA), which is an important intermediate for manufacturing polyethylene terephthalate (PET) polymer primarily used in polyester fibers, and packaging films ortho-xylene is mostly to produce Phthalic Anhydride, an important intermediate in coatings and plastics. Mixed Xylene is normally produced from various sources within refineries including pyrolysis of gas stream, toluene disproportionation (TDP) and transalkylation. There have been hefty investments in the past 15 years towards increasing the Mixed Xylenes capacity, looking at the wider product scope.